#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment choice in the equity market.
On Wednesday’s episode, Parthiv Shah, director at TRACOM Stock Brokers and Sameet Chavan, chief analyst of technical and derivatives at Angel Broking gave their views on non-banking finance companies, the power sector, the infrastructure space and much more.
Watch the full conversation here:
Edited Excerpts from the conversation:
Nabeel: I bought 2,000 shares of Sintex Plastics at Rs 70 with a four year view. Please advise.
Parthiv Shah: I would recommend you to look at Neelkamal Plastics from this space, rather than Sintex Plastics.
Akshay Randev: I bought 1,000 shares of Vakrangee at Rs 182 with a long-term view. Should I hold or sell?
Parthiv Shah: I recommend retail investors to avoid this counter.
Ajay Kumar: I have 300 shares of Nitin Spinners with a six month-view. Please advise.
Sameet Chavan: One can hold with a stop-loss of Rs 99. Rs 120 seems to be a hurdle. once it surpasses that, one can see an up-move towards Rs 145.
Aadil Shah: I bought 1,200 shares of Adani Power with a three-year view. Should I add more?
Parthiv Shah: I recommend you to look at Torrent Power and JSW Energy from this space.
Advaith Supnekar: I am planning to buy 300 shares of VA Tech Wabag with a one-year view. Please advise.
Sameet Chavan: One should wait to enter the stock. The stock faces a near-term hurdle of Rs 580. If it crosses this level with meaningful volumes, one can consider entering.
Abhishek Gupta: Between Maruti Suzuki, L&T, Rain Industries and GNFC which is a better bet with a one-year view?
Parthiv Shah: While these companies are not strictly comparable, I would recommend Larsen & Toubro as the best pick for a one-year horizon.
Ritwik Sharma: I bought 150 shares of Apar Industries at Rs 750 with a long-term view. Please advise.
Parthiv Shah: One can hold the stock with a one-two year view.
Ravindra Gupta: What are your views on Praj Industries with a one-year view?
Sameet Chavan: I would go long at current levels and add once the stock crosses Rs 100 level. Keep a stop-loss below Rs 85.
Vijay: I bought 100 shares of TVS Motor at Rs 645. What should be the target on the stock with a one-month view?
Sameet Chavan: I would recommend you to keep a stop-loss of Rs 664 and book profit at Rs 685 - 690.
Sarthak Khandelwal: I bought 500 shares of Federal Bank at Rs 104. Can I hold it for two-three months?
Sameet Chavan: I recommend you to stay put with a stop-loss of Rs 85.
Viral Vora: I want to invest in Capacite Infra with a long-term view. Is it the right time to invest?
Parthiv Shah: I recommend you to enter at current levels.
Sagir Kazi: I bought 1,200 shares of REC at Rs 108 two years ago. Can I hold on to the stock for the next five years?
Parthiv Shah: I would recommend you to look at a privately-run non-banking finance company like L&T Finance Holdings.
Shiraz: Will Halol clearance raise the stock to Rs 645 to 700 levels? I bought 1,000 shares between Rs 520 to Rs 580.
Sameet Chavan: One should hold with a strict stop loss below Rs 500.
Analyst disclosures: both the analysts do not hold any stocks that were discussed today.
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